Staff Accountant – Custodial Accounting

This is a fully remote position, open to applicants in United States.

📋 Description

• Conduct monthly reconciliations and analyses of custodial accounts, ensuring precise recording of client assets, cash transactions, deposits, withdrawals, transfers, and balances.

• Oversee custodial account activities, promptly investigating and resolving discrepancies or reconciling items.

• Ensure all custodial transactions are duly documented, authorized, and recorded in compliance with company policies and regulatory standards, reinforcing the protection of client assets through robust internal controls.

• Monitor aged receivables, engage professionally with clients regarding outstanding balances, and facilitate collection efforts while fostering positive client relationships.

• Oversee daily cash receipts, deposits, and totals of custodial transactions, ensuring accurate records of all custodial cash movements.

• Prepare and document bank and cash reconciliation entries, ensuring timely reconciliation of revenue, receivables, and custodial cash balances.

• Monitor cash activity, assist with treasury management tasks, and promptly investigate any unusual transactions or variances.

• Participate in internal audits, compliance evaluations, and process enhancement initiatives to bolster financial controls over custodial funds and client assets.

• Collaborate with operations, client service, and management teams to address accounting issues and enhance financial processes.

• Identify opportunities for automation or streamlining of accounting and reconciliation procedures.

• Communicate effectively with internal stakeholders, financial institutions, auditors, and external vendors.

⛳️ Requirements

• Bachelor's degree in Accounting, Finance, Business Administration, or a related discipline.

• A minimum of 2 years of accounting experience, preferably in cash management, reconciliations, or custodial/client account administration.

• Solid understanding of GAAP and accounting principles.

• Advanced skills in Microsoft Excel and the Microsoft Office Suite.

• Exceptional analytical, organizational, and problem-solving skills.

• Strong capabilities in written and verbal communication.

• Ability to manage multiple priorities while ensuring a high level of accuracy.

• Proven attention to detail and dedication to maintaining confidentiality.

• Experience with general ledger accounting, account reconciliations, and financial reporting is preferred.

• Strong knowledge of cash reconciliation and treasury management activities is preferred.

• Ability to work independently while also being a contributing team member is preferred.

• Experience with custodial accounts, trust accounts, escrow accounts, client funds, or similar financial structures is preferred.

• Familiarity with financial services, asset management, trust operations, or custody-related accounting practices is preferred.

• Experience with Sage Intacct is preferred but not required.

🏝️ Benefits

• Comprehensive medical, dental, vision, and life insurance coverage.

• 401(k) retirement plan with employer matching.

• Health Savings Account (HSA) and Flexible Spending Accounts (FSAs).

• Paid time off (PTO) and disability leave.

• Employee Assistance Program (EAP).